Due to a lack of cash in the financial system, Nigerian banks have taken a record N1.2 trillion loan from the CBN to keep ...

Inflation in Nigeria is expected to experience a significant decline in 2025, driven by a combination of factors, such as for a ...

The Nigerian currency, Naira, continued its appreciation run against the dollar at the parallel foreign exchange market on Friday. According to a Bureau ...

The Managing Director/CEO, Neimeth International Pharmaceuticals, Valentine Okelu, at a media parley in Lagos disclosed that ...

Agora Policy, an Abuja-based think tank, says Nigeria faces risks of low  foreign exchange (FX) inflows and higher inflation ...

Nigeria’s foreign exchange reserves have depleted by $1.38billion since this year, reaching $39.497billion as at February ...

Leading the continent, Algeria boasts gold reserves of approximately 174 metric tons. The country has been accumulating gold since the early 2000s, and these reserves are now valued at over $10 ...

Following the depreciation of the Nigerian currency, the Central Bank of Nigeria (CBN) has adjusted the exchange rate for ...

The TUC president stressed that the rising operational costs for telcos, largely driven by forex fluctuations, are being passed down to consumers. He noted that as the Naira weakens, expenses ...

The naira appreciated to N1,550 per dollar at the parallel section of the foreign exchange (FX) market on Thursday.

Government policies and devaluation of the naira are responsible for the worsening cost of living, the Trade Union Congress (TUC) has said.

However, with the FX Code, Nigeria is signaling its commitment to a new era of transparency and accountability. The code is ...